Nasdaq 100 (NAS100) Continues To Drift Lower

Azeez Mustapha

Updated:

UNLOCK DAILY FOREX SIGNALS

Select a Plan

£40

 1-month subscription

Select

£30

 3-month subscription

Select

£21.5

 6-month subscription

Select

£399

 lifetime subscription

Select

£50

 Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Market Analysis – August 14

Nasdaq 100 (NAS100) continues to drift lower as the bears keep getting stronger. The sellers are attempting to reverse the previous bullish trend that persisted for quite some time. This negative trend started at the beginning of this month.

The bears are still causing an impact. They have managed to interrupt the long-term bullish momentum that has been ongoing. On the other hand, the bulls emerged stronger starting in March this year. They started renewing strength above the 11865.70 level and continued to build on that as price liquidity soared.

Nasdaq 100 (NAS100) Key Levels

Resistance Levels: 15848.90, 15272.50
Support Levels: 12712.70, 11865.70

Nasdaq 100 (NAS100) Continues To Drift Lower

Nasdaq 100 (NAS100) Long-Term Trend: Bearish

In June, the bulls successfully broke through the key level of 14204.50. Following a short consolidation period in July, the NAS100 went on to surpass the key zone of 15272.50. The buyers extended their strength, reaching as high as the 15848.00 level, but failed to break through.

Consequently, the bears have shifted the direction of the price trajectory. This could potentially last for days. A significant level to take note of is the 14662.20 key zone. It could play a crucial role in determining future price action in the market.

If the sellers eventually lose their grip, the buyers might make a comeback. So traders should pay close attention to this level. However, at the moment, the sellers are still taking the drift lower in the market. Both the Parabolic SAR (Stop and Reverse) indicator and the Chiakin Money Flow indicator are signaling a bearish direction.

Nasdaq 100 (NAS100) Continues To Drift Lower

Nasdaq 100 (NAS100) Short-Term Trend: Bearish

As things stand, the sellers are keeping tabs on the momentum of the bears. They have been consistent in maintaining the downward trend. As this trend continues to strengthen, the price will likely reach the 14662.20 market level.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *